BMO Capital Markets assumed coverage on shares of Chegg (NASDAQ:CHGG) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm issued a market perform rating on the stock.
BMO Capital Markets has also taken action a number of other stocks recently. The firm raised its price target on shares of Gildan Activewear from C$53.00 to C$56.00. They have an outperform rating on that stock. Also, BMO Capital Markets lowered its price target on shares of First Majestic Silver from C$17.50 to C$12.00. They have a market perform rating on that stock. Finally, BMO Capital Markets upgraded shares of Enerplus Resources Fund from a market perform rating to an outperform rating.
Chegg (NASDAQ:CHGG) opened at 8.89 on Monday. Chegg has a 52-week low of $7.34 and a 52-week high of $11.25. The stock’s 50-day moving average is $8.70 and its 200-day moving average is $8.70. The company’s market cap is $116.4 million.
In other Chegg news, Director Barry Mccarthy bought 10,000 shares of the stock on the open market in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of $8.29 per share, with a total value of $82,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on CHGG. Analysts at Raymond James initiated coverage on shares of Chegg in a research note to investors on Monday. They set an outperform rating on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of Chegg in a research note to investors on Monday. They set an overweight rating and a $9.57 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Chegg in a research note to investors on Monday. They set a buy rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $12.02.
Chegg, Inc (NASDAQ:CHGG) is the student-first connected learning platform, empowering students to take control of their education to save time, save money and get smarter.
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